HSBC Plans Fresh Round of Investment Bank Job Cuts

HSBC Prepares New Round of Investment Bank Job Cuts
Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges Elhedery is wielding the knife again, starting his latest round of headcount cuts in Asia, according to people familiar with the matter. Layoffs are expected to begin next week and could last up to several months.
HSBC plans new round of investment bank job cuts next week, starting in Asia: Sources
Some cuts are already under way, but wider layoffs will begin as early as Feb 17, sources said. Read more at straitstimes.com.
HSBC investment bank job cuts to start in Asia next week-report
The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.
HSBC to shed more jobs after £1.2bn cost-cutting
Georges Elhedery, the boss of HSBC, will reportedly kick off more job cuts next week as he reveals his radical overhaul of the bank has saved £1.2billion. Elhedery took over from Noel Quinn in September and launched a sweeping re-organisation including cuts to its deal making and advisory business in the UK, Europe and America.
HSBC plans new round of investment bank job cuts next week
The latest phase of cuts will start in Asia, but will ultimately affect employees globally, according to sources, who asked not to be identified discussing private matters.
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